Post # 1
So we’re submitting an offer on a house today and there is one other bidder. My realtor suggested we write a letter along with our offer and as this sort of happened way before we expected it to I am completely unprepared. I felt like such an idiot writing this and I turn to you guys for feedback. I think the second paragraph is kind of a mess. So bees, what should I change? Is there anything else I should mention?
Dear Mr. and Mrs. x
My name is x and my husband’s name is y. We both work in finance in the city and I am currently working on my MBA at NYU Stern. We just celebrated our first wedding anniversary and like many other newlywed couples began our search for our first home. We’ve seen what feels like a million homes at this point and I can honestly say that your home is the first that we could both envision raising a family in. Your home has all the charm that seems to be lacking in new construction, while offering some modern amenities that are hard to find in older homes. Some people may prioritize master suites and walk-in closets but I think there is nothing better than a wood burning fireplace and creaky hardwood floors.
We are flexible when it comes to closing dates as we are not dependent on the sale of our current home. We also do not intend to request minor improvements based on the home inspection. Outside of environmental/electrical issues we are willing to take care of any minor issues on our own after closing. I also want to assure you that we have carefully considered our finances before making our offer. I know many sellers accept an offer only to be disappointed when the buyer’s mortgage is not approved and we would like to spare both you and ourselves this unpleasantness.
We really hope you accept our offer. I was determined to stay unemotional about our home search knowing that many offers are rejected but I confess to have fallen in love with your beautiful home.
Post # 3
I think its a good start, but I recommend removing the following things:
-creaky floors – has a negative tone. recommend “original hardwood” or “classic”
– home inspection – this is risky. I would remove this information. What if there is a structural problem with the house? Or you find out that there are plans to build some huge development across the street? You need to keep the home inspection flexible so that it gives you an out if you need one down the road in the process.
-“many offers are rejected” – keep the text more positive and upbeat.
If you’re interested I’m happy to share the letter that we sent with out offer.
Post # 4
@LGenz: I think it sound GREAT! WIth the edits suggested by the PP I think the letter shows that you are well qualified, a serious buyer, and a nice couple! The only other thing I noticed (abnd only because I’m CRAZY anal about these things) is that you switch from “I” to “we” a couple times throughout the letter- try making it from both of you through the whole thing.
Post # 5
I think it’s a good start, but you get a little too personal and informative. I think you should keep it more vague and more about the benefits of the house and why you think they’re benefits.
This is what I would write:
As I am making an offer to purchase your lovely home, I thought it would be cordial to introduce myself. My husband X and I currently reside in X town and have been searching for a home in your neighborhood for quite some time. We both work in finance and married last year.
Our home search has been quite challenging as it is proving hard to find a home with the combination of old world charm and modern amenities (among many other things). As we ponder over what type of place would be best to settle down and begin our family we can’t imagine a better fit than your beautiful lot. Along with having nearly everything on our wish list, it is clear that the home has been taken care of with love and devotion from the current owners which creates a very positive feeling when walking through the threshold. I can honestly say there is little I would change if this were to become our home as we love the incredible existing features like the fireplace, hardwood floors, X, X, and X.
I would also like to inform you that we have been pre approved for a mortgage for X amount and have outstanding credit. Also, as we don’t own a home currently our closing dates are flexible although if our offer is accepted I can imagine we wouldn’t want to waste any time moving in!
Thank you for reading this personal note. I hope you take it into consideration along with our monetary offer. I wish you the best of luck with the sale and the next steps you are about to take in life.
Post # 6
I love exactly what you wrote, to be honest!! It would win me over 😉
Post # 7
I think @moderndaisy‘s revisions are perfect.
Post # 8
- Wedding: October 2011 - Bed & Breakfast
I would eliminate all talk of practicalities (ability to close quickly, finances, inspections, etc.) All of that info is conveyed through your actual offer. The purpose of the letter is to tug on their heartstrings. This is their home. They have loved and cared for it. They want to know that you will do the same.
Here’s the note that helped us get our house (after the owners rejected 2 previous offers, and the house had only been on the market for 8 days!):
Dear MM Owners,
Thank you for taking a moment to read this note. It may seem a bit odd to receive a letter from hopeful buyers, but we felt compelled to tell you how much we enjoy your home.
We are Mr. LK and Ms. LK, newlyweds looking to buy our first (and forever!) home. We have spent the last year looking for the right home to raise a family and spend the next 40ish years of our life. We have a son named Teen LK, two cats, and one energetic dog. Standing in your front yard, we finally have a feeling of “home”. We have happy visions of our dog running through the yard, burning lots of energy (yay!). We can picture a fire burning in the fireplace on Christmas morning, and Mr. LK enjoying the view as he stands on the deck and grills up dinner on a summer evening. We know just where we would plant our vegetable garden, and we actually look forward to mowing the lawn. Yes, we know that looking forward to mowing the lawn may make us sound a bit crazy, but we truly enjoy working together to accomplish goals around the house.
Quite simply, we love your home and want to spend a very long time caring for it. We hope that you will consider our offer and allow us the opportunity to turn our dreams into reality.
Mr. LK, Ms. LK, Teen LK, Olive, Morgan, and Smitty
Post # 9
Thanks for your help everyone! We’re up against two other offers today at noon so I’m hoping anything will help.
Post # 10
LGenz, I hope you get your home!
I haven’t really officially started the home buying process, and I’m a little confused by this. How often do you write a letter? Does anyone know if it’s different in Canada vs. US? I’ve always heard to be careful about what you say when viewing a house, as the less the sellers know the better (and vice versa). You don’t want them to know you love a house. Writing a letter is the complete opposite! Do you only write a letter if there’s other offers? I don’t mean to be critical, I’m just a little clueless about this!
Post # 11
this may just be me but if i was selling a home and 3 offers were coming to me, i would only look at their offer, their conditions and closing date. if you choose to write a letter, your offer had better be the best too.
i have heard of people writing letters to the homeowners but to me, selling a house is business not personal. again, that’s just me. i’m sure to some, it is personal.
@LGenz: i hope your offer gets accepted. good luck & let us know.
Post # 12
- Wedding: October 2011 - Bed & Breakfast
@mypinkshoes: I am sure there are sellers who look at it only as a business transaction, but there are plenty of others who are sincerely emotionally attached to their homes. Those with emotional attachments want to know that their homes will be loved and cared for by the next owners as well. And its in those situations where a letter can help seal the deal. When we talked with the owners at our settlement, the wife was all misty-eyed about the house. It was crystal clear that she loved that house and didn’t want to leave it (they were moving to the other side of the country!). When we parted, she told me that she knew the house was being left in good hands with Mr. LK and I. Knowing that the sellers had already rejected 2 other offers before accepting ours, and knowing that they decided not to wait on the 4th offer, which was supposed to be coming in 2 days after we submitted ours, I really think our letter was what made them choose us. I guess some of us are just softies, because I know that when Mr. LK and I sell many years from now, we’ll be looking for the next couple to love and care for the home the way we do.
@LGenz: Fingers are crossed for you!